Hong Kong’s Private Hospitals – To Tax or not to Tax?

Private hospitals in Hong Kong are under close scrutiny after claims that many have violated terms and deserve to have their tax exemptions revoked. Nine of the city’s eleven private hospitals are run by non-profit churches and as charitable institutions, are exempt from tax under section 88 of the Inland Revenue Ordinance. Profits for individual private hospitals reach $400 million annually, and…

Hong Kong Medical Insurance Market increasingly popular with International Health Insurers

Hong Kong's largest and oldest 'insurance supermarket', Kwiksure, has seen a deluge of new medical insurance plans from key global insurers into the Hong Kong market in 2012. AXA, Liberty, Zurich and now Cigna have all entered the medical insurance segment, or offered enhanced products, to try and capture a share of the growing market.

As the Hong Kong population ages, and with the public…

Prospective Green Vehicle Owners Advised to Seek Most Competitive Car Insurance Coverage

The thick blanket of grey, stinky, smog that engulfed Beijing two and half weeks ago was particularly terrible, even for China, but Beijing regularly experiences high levels of pollution and this frequently affects its neighbors. Being so close to the mainland, it is not that unusual to find Hong Kong’s skyline also hidden from view by a layer of smog.

The HKSAR government has made several…

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